Assalam-o-Alaikum! Everyone,

I hope all of my friends are well with the grace of Allah Almighty.
I read the lecture of cryptocurrency which was given by a great professor @mohammadfaisal. I read it very carefully. I found it interesting. So, I decided that work should be done on this goal. This is my first post for any lecture. So, I will try to give my best.

https://images.app.goo.gl/2fuzhaH5V4R6bbED6

Cryptocurrency:

Cryptocurrency is a digital and virtual currency. In plain alpha we can described the cryptocurrency used to make online payment secure. We can buy cryptocurrency through coinbase and cash app etc. We can also change this.
This digital currency is used all over the world through blockchain.

Blockchain:

Blockchain has many types. Those who keep their own currencies such as Bitcoin ,Ether, stellar,ESO etc. We can send these currency via computer and phone.
This is the best and quick way to transaction.
Blockchain was first introduced by Satoshi Nakamato.
This is a variety of database. It helps to know whether the database is in a real. Blockchain is a technology which possible the existence of cryptocurrency.
Blockschain is a system of recording such a way which we can make hacking and cheating of system difficult and impossible. It looks very complicated but in reality it is very simple.
We can understand this through the diagram:
I have also rested that link under the diagram.

https://images.app.goo.gl/zSbiy4pTRRXHnc199

Question:2

What is blockchain Mining and What is Mining Difficulty?

Blockchain Mining:

In this lecture we learn blockchain mining and its types.
The mining process dividing in different parts.

individual mining

pool mining

cloud mining

CPU and GPU etc...

it's not much expensive. Cloud mining is a very common and popular way to mine cryptocurrencies.Cloud mining is a way where we pay others particular amount and get meaning machine on rent.
Basically CPU Central Processing Unit we can use our PC's.
GPU is famous as well as cheap which we can use this method easily. Rig is usually such a processor which base on motherboard, cooling fan and ring frame.

https://images.app.goo.gl/rPPgJfptTUzAztkh7

Question:3

Discuss challenges for crypto miners?

• Undoubtedly, the main problem facing for the crypto users is unaffordability. The machinery which is used in mining is also very expensive , that many users cannot afford it.
• Second big factor that worst affected the cryptocurrency miners is eligibility. This is very big factor and considered in many regions of the world cryptocurrency is not legal.
• Another major issue for crypto miners is the weak of privacy system. There are more chances to hack 's system. Sometimes hackers steals cryptocurrency from the system.

Question:4

What is Defi (Decentralized finance) and discuss any Defi project in detail?

As we have read in the lecture the definition of Defi. Defi is the short form of decentralized finance. Defi is a new addition in blockchain technology which is surprising. Defi have too many projects which we can work on in different blockchain. We can also say that Defi has varities of applicationsand projects in public blockchain.

https://images.app.goo.gl/vHoxuLMcX7UaTaJG8

• Marker
• Compound
• Synthetix
• Bzx
• Uniswap

https://images.app.goo.gl/DJws8n5TGXHTXNw8A
Lets here we discussed about defi project Uniswap
Uniswap is is very important and well known Defi applications consist of Ethereum blockchain. Uniswap is type of decentralized crypto exchange.
Uniswap allows its user to exchange their tokens without any fear.And it is not risky too. Traders and investors that provide the liquidity are called LPs.
The transaction fee is distributed among these LPs. You can join the pool with minimum deposit. To join this pool is unlimited.

Question:5

Advantages of Decentralized finance?

Decentralized has many benefits There is a very fast and permanent access.For example, if you need money urgently And you don't even have time to go to the bank So you can solve this issue with just one click and get money. No matter what time it is and wherever you are sitting, night or day. Going to the banks takes a lot of time It also save your time.
This is very helpful method now a days. It doesn't even need anyone's permission.

Question:6

Conclusion:

By this blockchain We can also send and withdraw money. Everything is clear that how defi is turned into crypto world in very short time.It's only been a while since it was launched and seeing this became famous all over the world. It has made a lot of our work easier. Now there is a noise of about cryptocurrency in every street. Everyone is starting to know about it. It's not easy to understand but not even difficult. For a little attention it can be learned. This is a very good form of financier sport. I think that cryptocurrency is the future of the whole world finance system due to its much advantages. Cryptocurrency play a very important role in the blockchain system.

I hope all of you guys like this post

Thanks to all of guys

Mention: @mohammadfaisal steemit Pakistan crypto professor

Writer: @sabirnaz ( crypto student)